(Bloomberg) — China’s top-selling auto brand withstood the price war raging in the country this year, with BYD Co. posting second-quarter profit that surged 145% and sending its shares climbing. Most Read from Bloomberg Net income more than doubled to 6.8 billion yuan ($930 million) after the company sold a record number of plug-in hybrid… Continue reading BYD Powers Through China’s Auto Price War to Post Soaring Profit
Tag: Didi
Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi
Didi launched a free robotaxi service in parts of Shanghai in 2020. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car company Xpeng said Monday it is buying Didi’s smart electric car development business in an exchange of shares worth $744 million. The Chinese ride-hailing company will become a strategic shareholder… Continue reading Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi
German Manager Magazin: BYD with billion dollar deal, Xpeng also buys 002689
Chinese electric car manufacturers want to find a way out of the price war with takeovers and alliances. The Chinese industry leader BYD expands its main business with electronic components with a billion dollar acquisition. BYD is acquiring smartphone manufacturing facilities from Jabil Circuit for around $2.2 billion, the company announced on Monday. BYD Electronic… Continue reading German Manager Magazin: BYD with billion dollar deal, Xpeng also buys 002689
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744m
HONG KONG (Reuters) — Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership. Xpeng’s shares surged around 13% in Monday trade. Go to Source
Xpeng to buy Didi’s smart car business for $774 million
Chinese EV company Xpeng (XPEV) announced that it will be buying Didi’s smart car unit in a deal worth up to $774 million. Yahoo Finance Reporter Pras Subramanian explains the advantages of the deal, saying that “Xpeng is getting Didi’s expertise with ride-hailing and autonomous technology.” Subramanian notes the competitiveness within the Chinese EV space… Continue reading Xpeng to buy Didi’s smart car business for $774 million
Didi/Xpeng: EV deal will help both companies speed up profit goals
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Didi/Xpeng: EV deal will help both companies speed up profit goals
Chinese ride-hailing group Didi to sell self-driving car unit to Xpeng
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Chinese ride-hailing group Didi to sell self-driving car unit to Xpeng
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744m
Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership. Xpeng’s shares surged around 13% in Monday trade. As part of the deal, Xpeng will launch an A-class model next… Continue reading China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744m
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to USD 744 mln
Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment with the car to be priced in the USD 20,000 price tier. Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi‘s smart electric vehicle (EV) unit in a deal worth… Continue reading China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to USD 744 mln
China’s Xpeng to take over Didi’s autonomus vehicle unit, eyeing 2024 launch
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid/File photo Acquire Licensing Rights HONG KONG, Aug 28 (Reuters) – China’s car hailing giant Didi said it is selling its autonomous vehicle unit to electric… Continue reading China’s Xpeng to take over Didi’s autonomus vehicle unit, eyeing 2024 launch